Daily trading rule are as follows:
1. Create daily chart on any pair
2. Enter Buy/Sell order upon Sunday or Monday open at 2400 GMT. Order should be consistent with previous days trend (i.e; Previous day up, Place "Buy" market order, Previous day down, enter "Sell" market order at open)
2. Place opposite side trade 40 PIPS aways from initial market order (i.e.; if initial order was a Buy Place immediate Sell side order 40 PIP away from initial market entry)
3. If same trend for three consecutive days, place next days open order opposite of previous three days trend. i.e; If Monday, Tuesday and Wednesday were up days, Thursday would be a Sell order.
4. Use 40 PIP stops on all orders.
5. Close between 2300 and 2400.
6. Repeat trade rules at 2400 GMT.
No straddling the price entry. Enter market immediately with 40 PIP reversal companion order
User settings usage :
GMT_Shift = Your broker shift related to GMT time zone (if it's GMT+3 then put 3 , if GMT-1 then put -1)
TakeProfit = Take profit in pips when EA will close current order
StopLoss = Stop loss in pips when EA will close current order
HourToCloseOrders = Hour when EA will close ALL positions
SundayCandleExists = Flag to let the EA to don't take care about Sunday Candle. If your broker get the Sunday candle put true elsewhere put false
Lots = Number of fixed contracts (used only if UseMoneyManagement = false)
UseMoneyManagement = Flag to let the EA to use money management routine with Risk value per trade
Risk = Risk per trade allowed (used only if UseMoneyManagement = true)
Slippage = Max slippage allowed in pips
MaxLossesTradesPerDay = Max losses trades allowed in a day per single pair (Setting to 2 , if EA will hit 2 consecutive losses in a day then will stop to trade until new day start even if HourToCloseOrders is not reached)
Note :
The EA will also handle automatically the MagicNumber generation so that you can put it with multiple pairs or multiple EA within the same account without any interference
Optimized Settings :
TakeProfit = 200;
StopLoss = 40;
HourToCloseOrders = 17;
MaxLossesTradesPerDay = 2;
(Optimized settings are still in researching and all traders are encouraged to share his result here)
Excellent advisor for the currency pair EUR / USD.
Works in any period of time but very effective on M30, my advise upon my testing to put profit trail.
Kindly note that all the experts i shared, i already test it and i am sharing the best i have that could be used in live accounts
Advisor can be operated in two directions (when the order is opened: and the purchase and sale) and in one (or the purchase or sale, according to the logic).
The logic is simple advisor:
Advisor analyzes the last two bars: if the closing price of the first bar, more than the closing price of the second bar - the purchase, the turnover and sale.
Parameters advisor:
- Function of changing the direction of trade (TwoSides) true-in the two sides,
- Function Lot (Lot)
- Function take profit (Take Profit)
- The function step (Step) - the minimum distance between orders in points.
- Function of the number of orders (Max Trades).
- Lot multiplier function (LotMulti), the logic works a bit redesigned. After the last (Max Trades), Martin coefficient becomes negative. That is, the following order is not multiplied by LotMulti, and divided.
For clarity, the results of trade, added info panel, whose parameters can be changed:
-Russian or English;
- The color and font size.
Advisor can run on any time frame, any currency.
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